Give Bitcoin investment time

[Rruchi man]

While educating people about Bitcoin, I think it is wise we tell them Bitcoin need time to yield profit, let us change our approach in sharing Bitcoin knowledge so that people will not come into Bitcoin with the mindset of get-rich-quick.

I agree that the whole details be shared when talking to someone on the benefits of bitcoins so that they do not get the half information. When you tell someone that bitcoin is good for investment because of its volatility, if you do not go further to add clarity, the person can also take the information to mean that because bitcoin is very volatile, that they can make profit from it in a very short time, and they are not wrong to think that way.

Always add clarity to any information you give about bitcoin, so you are not misinterpreted.

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[Accardo]

Every feature of bitcoin requires time. Transaction confirmation takes about 10 minutes. Halving, 4years. Mining difficulty, 2 weeks. Hence investment time should be in place if we'll want to earn enough profits in bitcoin. Although the time is not constant like the ones I listed above. Most of the investors today, are looking for quick profits. They see bitcoin as gambling. Some rush to day trade, for fast return. Doing such things, makes investors to think bitcoin isn't profitable. But one good thing on bitcoin is allowing it enough time to effect changes. The volatility of bitcoin can only be combated with time. Those investors who didn't wait, may be regretting today. It's important to see bitcoin as we see other activities in life. Even it took us many years before we were able to read and write. Nobody began talking the day he was birthed. Same is applicable to bitcoin. The growth of bitcoin will bring lots of changes to it. And the investors who held for sometimes will be able to earn huge too, according to the increase in the amount of bitcoin price. A time is also set up, when all the bitcoin will be mined. The time for every transaction is also recorded in the ledger. The blockchain revolves around time, so we can track exactly when a transaction was sent. No need being in a hurry about bitcoin investment. What matters is staying patient and following the trend on bitcoin. Knowing our next move is also crucial as investors.

[Miles2006]

I don't think any person should force someone to start investing on bitcoin without the person having any knowledge about bitcoin. I think this is where the problem is coming from , most people lack the knowledge about bitcoin and they just start investing or sometimes most people don't have a guide to guide them about bitcoin investment. The first thing someone will know about bitcoin investment before investing is bitcoin is not a scheme you go in and make money quick but rather beening patient and investing properly, that should be the first thing a bitcoin investor should know.
I see some comments saying. Secondly before investing on bitcoin the person is not suppose to be depending only on bitcoin. Bitcoin can't be your only investment.

[_Hiloveua_]

Yes, it must take time to make money without betting. For those who are new to crypto, their patience is very low. So if he has invested in Bitcoin then the probability of loss is less and more. As far as I know Bitcoin has been around for a long time. Those who can practice for a long time will get good profit. If the amount you invest is due to lack of patience, you will end up losing a lot. So think carefully before investing, although the risk in investing in Bitcoin is very low. Moreover, there are many other coins that are good to invest in.

[Jawhead999]

You're wrong for generalizing every people will give it a time when they start a business and buy a stock.

There are many businessmen don't mind to stop their business after few months or year when they feel they're not making any profit, same like people who buy a stock, they will watch the chart and sell it after it rise for few %.

People who buy Bitcoin is same, some sell it quickly and some sell it after next few years.

[Gallar]

~Snip
Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.

It cannot be denied that currently there are still many beginners who have thoughts like this (get rich quickly) when entering the realm of bitcoin investment. Because most likely, they invested in bitcoin because they saw other people (bitcoin investors) making profits and success. So beginners who are interested in Bitcoin and only have a cursory thought will definitely dive straight into Bitcoin investment. But the beginner's mistake is forgetting the important points and not looking at the process. So they only look at the end point. For this reason, many new investors are born who have this get-rich-quick mindset.

While educating people about Bitcoin, I think it is wise we tell them Bitcoin need time to yield profit, let us change our approach in sharing Bitcoin knowledge so that people will not come into Bitcoin with the mindset of get-rich-quick.

For fellow bitcoin investors, especially since we have joined the BTT forum, it is natural that we have to educate each other and share experiences with members of this forum. Especially for beginners, in my opinion it is really necessary to provide education regarding bitcoin investment. Because after all, if we have knowledge, then we must be able to use it well. The point is, don't be stingy with knowledge, because sharing knowledge will not make us lose money.

And even outside of this forum, I think we should remain generous when it comes to Bitcoin knowledge. But even so, for me personally there are conditions, so the point is you have to ask me first. Because personally, I don't want to bluntly give someone insight into Bitcoin without that person asking for it first.
Because usually if I speak first, I have the experience of being simply ignored. So that's why I have such principles.

[krishnaverma]

When people start up a company, they give it some years before they expect profits. Most times they even re-invest their profits to expand and build their company to the standard they desire and this requires time. Furthermore, when people buy stocks of a company or make investment in businesses, they give it time which run into years before they expect profits.

Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.

While educating people about Bitcoin, I think it is wise we tell them Bitcoin need time to yield profit, let us change our approach in sharing Bitcoin knowledge so that people will not come into Bitcoin with the mindset of get-rich-quick.

The fault is not only of the investor. There are many other elements involved like media, general perception, whales and other things. Like media has created lot of hype around bitcoin. When bitcoin price increases and reaches mark like 20k , 30k and so on, it is all over the news. Thus the new investors who come are there with the hope that it will reach next mark soon and they will be in profit. But this type of thinking will result in huge losses most of the times.

[blockman]

When people start up a company, they give it some years before they expect profits. Most times they even re-invest their profits to expand and build their company to the standard they desire and this requires time. Furthermore, when people buy stocks of a company or make investment in businesses, they give it time which run into years before they expect profits.

Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.

While educating people about Bitcoin, I think it is wise we tell them Bitcoin need time to yield profit, let us change our approach in sharing Bitcoin knowledge so that people will not come into Bitcoin with the mindset of get-rich-quick.

That's because they see how it performed in the past and with its nature of being volatile, that makes them crave more to see it move faster than what's expected. Comparing an asset or stock to a business or company or a start up, there could be something in common but they're entirely different if it's about the whole thing. And talking about the returns, it's true that all of them takes time before you see them grow and that's the same for Bitcoin. Although its volatility makes it move faster, you'll still need to be patient and wait until some factors move its price from wherever it is right now to a better place.

[Dzwaafu11]

Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.

Sometimes I don’t blame people panicking due to how the market moves because some people today lack early orientation and some needful things they need to know before investing, so I also blame people who carry this kind of person or advice this kind of person to invest in bitcoin. However, some people are due to greed or unable to have control over their emotions; they don’t have that emotion that if they see their money going the other way, they always think they won’t make it in the industry, which is wrong.

This people need to understand that bitcoin investment is not something you will just do and get your money back with profit within a month or week. We investors need to exercise patience because, naturally, that's how it works. If some one feels they cannot cope with the market or is unable to hold their emotions from panicking, then definitely this kind of person will lose their investment. To avoid panicking, we should invest the amount we can afford to lose so that once we invest, we can live it there for however long it takes to get our money back with profit.

Yes, it must take time to make money without betting. For those who are new to crypto, their patience is very low. So if he has invested in Bitcoin then the probability of loss is less and more.

Any new investor you see without patience or complaining is not because of the market; in my opinion, it is because of the emotion or lack of appropriate knowledge. If you are not an investor who knows what he or she is doing and has invested the amount he or she is supposed to have, there will be no problem with his or her investment because they know that even if it takes time, they will get profit from their investment, so in my opinion, even if you are a new investor, you don't need to panic because of market moves because you are supposed to be aware of that.

If the amount you invest is due to lack of patience, you will end up losing a lot. So think carefully before investing, although the risk in investing in Bitcoin is very low. Moreover, there are many other coins that are good to invest in.

You have a point here, mate.
Someone cannot invest a large amount of money in bitcoin, expecting a huge profit. In short, that is what some newcomers do; they think investing big will quickly boost their profit, which is wrong.

However, even if there are other coins that are good for investment, I will not say newcomers should go and invest there, as you have already indicated that new investors panic after the market goes another way. What do you think will be their reaction if another coin crashes or the market doesn’t favour them? So the only coin that is good for new investors is BTC.

[barisbilgili]

When people start up a company, they give it some years before they expect profits. Most times they even re-invest their profits to expand and build their company to the standard they desire and this requires time. Furthermore, when people buy stocks of a company or make investment in businesses, they give it time which run into years before they expect profits.

Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.

While educating people about Bitcoin, I think it is wise we tell them Bitcoin need time to yield profit, let us change our approach in sharing Bitcoin knowledge so that people will not come into Bitcoin with the mindset of get-rich-quick.

The fault is not only of the investor. There are many other elements involved like media, general perception, whales and other things. Like media has created lot of hype around bitcoin. When bitcoin price increases and reaches mark like 20k , 30k and so on, it is all over the news. Thus the new investors who come are there with the hope that it will reach next mark soon and they will be in profit. But this type of thinking will result in huge losses most of the times.

So it would be very good before starting to invest, it is necessary to have an understanding of investing in Bitcoin, don't just look at the media news because you could make a wrong decision, but it is necessary for them to directly ask those who have experience in the field of investing in Bitcoin. If they do it only based on knowledge of the media, there will be very little chance of surviving the investment they make and there is a very big possibility of losing the investment they make.

[crwth]

I don't know where it comes from but people who expect fast returns are better off investing in scams. Imagine having fast returns in a short time, that is too good to be true. If you are able to find something like that, it's just really a gem.

It takes time to make an investment grow and you need to really make it do anything. We need to have that delay in gratification to have a better reward.

[GbitG]

Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.

This is the mistake or ignorance of these people: they have been wrongly introduced to investment in Bitcoin; they think that investment in Bitcoin means becoming rich. Therefore, they often face losses. Investment doesn't mean to become rich directly; for that, you have to put in good effort by gaining knowledge. That's why we say that you should visit this forum and gain knowledge and learn the real investment method, because outside of you, everyone has their own interests. No one will tell you how to invest in Bitcoin in the right way, and due to this, many people have to face losses.

Therefore, a proper strategy is required for investment in Bitcoin, whether it is a short-term investment or a long-term investment. Without gaining knowledge, you will not expect any profit from Bitcoin.

While educating people about Bitcoin, I think it is wise we tell them Bitcoin need time to yield profit, let us change our approach in sharing Bitcoin knowledge so that people will not come into Bitcoin with the mindset of get-rich-quick.

Absolutely right. Here, we need to be aware of those people who come and connect with Bitcoin and get rich quick dreams. So to inform them that Bitcoin is not a rich venture, wake them up to the fact that investing in Bitcoin requires a proper strategy, and tell them that they need to manipulate risk management for investment. If they need to get a profit from Bitcoin, they need to diversify their investment amount under DCA, get some part of the investment to take for the long term, and hold it. So surely, it will give you a profit in return.

[ndutndut]

If you want to be successful in investing, you need time, discipline, patience and enthusiasm. It doesn't matter how great your talent is in analyzing things or how much money you have, because it all just takes time which will make us make big profits in the future. Likewise, if we want to have children, we cannot have children in one month, women need nine months to give birth to children.

Panic and anger are things that make our investments lose money and must be eliminated slowly because investing is only suitable for those who already have good systems and management.

[Sim_card]

The getting rich quick scheme that they think bitcoin is, is what makes them get disappointed when it didn't turn out the way that they expected it. I believe this is the same reason, why newbies jump into trading. I see short term investors more of trading than investment, because an investment should take a good number of years before you can start to reap from the fruit of your labour. The problem is that we are in a world that people want to get rich overnight forgetting that, a genuine investment or business can't be so. Impatient, lack of knowledge and lack of preparation can make newbies think that bitcoin can give them fast profit and they will end up running at loss.

[taufik123]

I don't know where it comes from but people who expect fast returns are better off investing in scams. Imagine having fast returns in a short time, that is too good to be true. If you are able to find something like that, it's just really a gem.

It takes time to make an investment grow and you need to really make it do anything. We need to have that delay in gratification to have a better reward.

Expecting a quick profit from an investment is a pretty crazy beginner's idea.
I even need a lot of time to be able to benefit from an investment.

Even investing in fraudulent coins is a process, but it's high risk.
It's like catching a knife with your bare hands from a height.

Or if you want to be faster, you can trade Futures with high leverage and place LOGNG orders,
enter before Cointelegraph makes news about the ETF and exit when there is confirmation that the ETF news is true.
That would be instant profit LOL.

I don't know why those beginners who enter crypto always expect big and fast profits, but don't want to do a process.
Even though Crypto has a high risk but they don't realize what they are doing.
Nothing is instant, those who get big profits in an instant are just lucky.

[Bananington]

Anyone who thinks investment in BTC is going to yield a quick profit should be directed to where the altcoins dwell, because BTCs spot is one that doesn't give in easily to the pressure of the market due to its decentralized nature and price at the moment.
HoDL is good for BTC that's why new traders are advised to HoDL BTC but trade alts.
Those who gave it time understand better the FUD associated with HODLing and they know that though the profit after the end of HODLing might not be as much as if altcoins made profit, but the loss would have not been as bad as when altcoins lose to the market volatilities.

[Bananington]

Anyone who thinks investment in BTC is going to yield a quick profit should be directed to where the altcoins dwell, because BTCs spot is one that doesn't give in easily to the pressure of the market due to its decentralized nature and price at the moment.
HoDL is good for BTC that's why new traders are advised to HoDL BTC but trade alts.
Those who gave it time understand better the FUD associated with HODLing and they know that though the profit after the end of HODLing might not be as much as if altcoins made profit, but the loss would have not been as bad as when altcoins lose to the market volatilities.

[The Cryptovator]

Those who want to become quick rich from bitcoin investments are most likely Bitcoin isn't perfect choice for them. They have to regret seeing the Bitcoin dump constantly. We must know how to handle Bitcoin, otherwise we can't make money. We have to have patience to get profits from Bitcoin like a real-life business. We don't have any money-making machines in the Bitcoin chain that would make us rich so quickly. This should be clear when we advise someone to make a bitcoin investment. Otherwise, how will new individuals learn about Bitcoin investment? Also, we have to explain what the actual goal of Bitcoin is beyond investment. So they will learn properly about Bitcoin.

[AYOBA]

Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.

How can somebody buy bitcoin in a short period of time and expect a huge profit? It may possibly, but it's depend on how marketing is flowing during that period of time. That is why, whatever you decide to do, you must do so with a clear mind, rather than thinking adversely after you've purchase a Bitcoin. Now everything in life requires appropriate patience, How can someone be panic on top of what he has decided to do? To make a large profit from Bitcoin, we need to patience, mate.

[Xampeuu]

Those who want to become quick rich from bitcoin investments are most likely Bitcoin isn't perfect choice for them. They have to regret seeing the Bitcoin dump constantly. We must know how to handle Bitcoin, otherwise we can't make money. We have to have patience to get profits from Bitcoin like a real-life business. We don't have any money-making machines in the Bitcoin chain that would make us rich so quickly. This should be clear when we advise someone to make a bitcoin investment. Otherwise, how will new individuals learn about Bitcoin investment? Also, we have to explain what the actual goal of Bitcoin is beyond investment. So they will learn properly about Bitcoin.

It is very dangerous for someone who wants to get rich quickly from investing in Bitcoin, many incidents actually make them miserable, what's more, they don't have enough knowledge, so they will be tested when the Bitcoin price drops after they make a Bitcoin purchase transaction. Panic is what triggers panic selling, so that the final results do not match initial expectations, but for those who have good knowledge, bearish times like this are suitable to collect bitcoins and wait until the bullish season occurs to sell them